Citigroup Has Lowered Expectations for B&M European Value Retail (LON:BME) Stock Price

B&M European Value Retail (LON:BME) had its price target decreased by analysts at Citigroup from GBX 290 to GBX 225 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 27.01% from the company’s current price.

BME has been the topic of a number of other reports. Jefferies Financial Group dropped their price objective on shares of B&M European Value Retail from GBX 305 to GBX 265 and set a “hold” rating on the stock in a research note on Monday, October 13th. Shore Capital reissued an “under review” rating on shares of B&M European Value Retail in a report on Monday. JPMorgan Chase & Co. dropped their price target on B&M European Value Retail from GBX 207 to GBX 205 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th. Peel Hunt reaffirmed an “add” rating and set a GBX 250 price objective on shares of B&M European Value Retail in a research note on Monday. Finally, Canaccord Genuity Group lowered their target price on B&M European Value Retail from GBX 490 to GBX 395 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, B&M European Value Retail has an average rating of “Moderate Buy” and a consensus price target of GBX 298.33.

B&M European Value Retail Stock Up 3.0%

BME stock opened at GBX 177.15 on Tuesday. The company has a fifty day moving average price of GBX 237.51 and a 200 day moving average price of GBX 269.25. B&M European Value Retail has a 12 month low of GBX 162.05 and a 12 month high of GBX 411.30. The company has a market cap of £1.78 billion, a price-to-earnings ratio of 5.57 and a beta of 1.05. The company has a debt-to-equity ratio of 315.77, a current ratio of 1.06 and a quick ratio of 0.38.

Insider Buying and Selling at B&M European Value Retail

In other B&M European Value Retail news, insider Tjeerd Jegen purchased 50,400 shares of B&M European Value Retail stock in a transaction dated Wednesday, September 17th. The shares were bought at an average cost of GBX 250 per share, for a total transaction of £126,000. Insiders have acquired 257,380 shares of company stock worth $62,468,940 over the last 90 days. 22.78% of the stock is currently owned by corporate insiders.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.